HCM II Acquisition Corp. Files Q2 2024 10-Q

TL;DR

HCM II Acquisition Corp. 10-Q filed for Q2 2024. Blank check company focused on real estate/construction.

AI Summary

HCM II Acquisition Corp. filed its 10-Q for the quarter ended June 30, 2024. The company, incorporated in the Cayman Islands, is a blank check company focused on real estate and construction. Its principal executive offices are located at 100 First Stamford Place, Stamford, CT.

Why It Matters

This filing provides investors with an update on the financial performance and operational status of HCM II Acquisition Corp. during the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a SPAC, providing standard financial and operational updates.

Key Players & Entities

• HCM II Acquisition Corp. (company) — Registrant
• June 30, 2024 (date) — Quarter end date
• Cayman Islands (location) — Jurisdiction of incorporation
• 100 First Stamford Place, Stamford, CT (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — LLC Class A Ordinary Shares, par value $0.0001 per share HOND The Nasdaq Stock Market
• $11.50 — ne Class A ordinary share at a price of $11.50 per share HONDW The Nasdaq Stock Market

Filing Documents

• ea0214936-10q_hcm2.htm (10-Q) — 270KB
• ea021493601ex31-1_hcm2.htm (EX-31.1) — 12KB
• ea021493601ex31-2_hcm2.htm (EX-31.2) — 12KB
• ea021493601ex32-1_hcm2.htm (EX-32.1) — 5KB
• ea021493601ex32-2_hcm2.htm (EX-32.2) — 5KB
• 0001213900-24-082719.txt ( ) — 2356KB
• hondu-20240630.xsd (EX-101.SCH) — 28KB
• hondu-20240630_cal.xml (EX-101.CAL) — 9KB
• hondu-20240630_def.xml (EX-101.DEF) — 143KB
• hondu-20240630_lab.xml (EX-101.LAB) — 200KB
• hondu-20240630_pre.xml (EX-101.PRE) — 136KB
• ea0214936-10q_hcm2_htm.xml (XML) — 156KB

Financial Information

Part I. Financial Information 1

Interim Financial Statements

Item 1. Interim Financial Statements 1 Condensed Balance Sheet as of June 30, 2024 (Unaudited) 1 Condensed Statement of Operations For the Period from April 4, 2024 (Inception) Through June 30, 2024 (Unaudited) 2 Condensed Statement of Changes in Shareholder's Deficit for the Period from April 4, 2024 (Inception) Through June 30, 2024 (Unaudited) 3 Condensed Statement of Cash Flows for the Period from April 4, 2024 (Inception) Through June 30, 2024 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 17

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 19

Controls and Procedures

Item 4. Controls and Procedures 19

Other Information

Part II. Other Information 20

Legal Proceedings

Item 1. Legal Proceedings 20

Risk Factors

Item 1A. Risk Factors 20

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 20

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 20

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 20

Other Information

Item 5. Other Information 20

Exhibits

Item 6. Exhibits 21

Signatures

Part III. Signatures 22 i

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Interim Financial Statements

Item 1. Interim Financial Statements. HCM II ACQUISITION CORP. CONDENSED BALANCE SHEET JUNE 30, 2024 (UNAUDITED) Assets Current assets Prepaid expenses $ 5,000 Total current assets 5,000 Deferred offering costs 372,355 Total Assets $ 377,355 Liabilities and Shareholder's Deficit Current liabilities Accrued offering costs $ 251,891 Promissory note - related party 153,127 Total current liabilities 405,018 Total Liabilities 405,018 Shareholder's Deficit Preference shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued or outstanding — Class A ordinary shares, $ 0.0001 par value; 200,000,000 shares authorized; none issued or outstanding — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding (1) 575 Additional paid-in capital 24,425 Accumulated deficit ( 52,663 ) Total Shareholder's Deficit ( 27,663 ) Total Liabilities and Shareholder's Deficit $ 377,355 (1) Includes up to 750,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (Note 7). On August 19, 2024, the Company consummated its IPO and sold 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters' option to purchase additional units to cover the over-allotment, hence the 750,000 shares of Class B ordinary shares were no longer subject to forfeiture. The accompanying notes are an integral part of the unaudited condensed financial statements. 1 HCM II ACQUISITION CORP. CONDENSED STATEMENT OF OPERATIONS (UNAUDITED) FOR THE PERIOD FROM APRIL 4, 2024 (INCEPTION) THROUGH JUNE 30, 2024 Formation and operational costs $ 52,663 Loss from operations ( 52,663 ) Net loss $ ( 52,663 ) Weighted average shares outstanding, Class B ordinary shares (1) 5,000,000 Basic and diluted net loss per share, Class B ordinary shares $

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View this 10-Q filing on SEC EDGAR